On January 1,

20142014,

Small RockSmall Rock

Brewery purchased a van for

$ 37 comma 000$37,000.

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expects the van to have a useful life of

eighteight

years and a residual value of

$ 4 comma 000$4,000.

The depreciation method used was straight-line. On December 31,

20172017,

the van was sold for

$ 21 comma 000$21,000

cash.

1. What was the carrying amount of the van at the date of sale?

2. Record the sale of the van on December 31,

20172017.